AMSC Short Idea: At Parallel Top Trend line with bearish engulfAMSC is current at the top parallel trendline, extended from the lower previous pivot minima. 12/1 candle was a bearish engulfing and the low of that candle was broken 12/2. Look for a potential change in trend to the downside over the next few weeks/months.
AMSC trade ideas
AMSC Aroon Indicator entered an Uptrend on July 28, 2020Over the last three days, I have detected that AMSC's AroonUp green line is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. I backtested this indicator and found 168 similar cases, 153 of which were successful. Based on this data, the odds of success are 90%.
$AMSC can rise in the next daysContextual immersion trading strategy idea.
American Superconductor Corporation provides megawatt-scale solutions.
The share price rose after good earnings. I see some preconditions the share price will continue growing.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $8,15;
stop-loss — $8,03.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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ASMC super bullish chartVery bullish chart TA speaking, you have a triple bottom and a W shape reversal. You also have a multi year resistance line that we broke out of then performed a throwback retest around $4.80 back in July 2018 before continuing higher.
Using fib extension to anticipate a price movement to $18 around July of 2019 - but I expect a stalling at the high retest of $12.50, then continuation upwards.
Do not be TheoreticalThis is a double bottom or a triple bottom (1,2,3) or (a,b,c). This is not the school, this is not about being right, This is not a geometry class.
This is about recognizing a price pattern in real time and act accordingly without so much rhetoric, without the intention of persuading.
After my gentle introduction, let's concentrate in the main support around 3.00 and especially in the last two price bounces accompanied with a big volume because this launched the price up and broke the resistance line around 5.00 now the price is testing testing this resistance line and becoming in a new support.
Now I have two target ideas:
First a Swing trade with a target around 9.00
Second a Position trade without a specific target, because the trader he likes this idea can set a personal target based in your personal objectives and your risk reward profile.
This ideas are for long term investors that's why I use these (Weekly Charts with Ten years Horizon)
AMSC - Fallen angel pattern momentum Long from $3.58AMSC looking very interesting. It looking a strong fallen angel formation. It seems rock bottomed & now getting some strength. It also has strong insider buying. We think it has longterm upside potential.
* Trade Criteria *
Date First Found- August 16, 2017
Pattern/Why- Fallen angel
Entry Target Criteria- Break of $3.58
Exit Target Criteria- Momentum
Stop Loss Criteria- $3.13 ot $3.31
Please check back for Trade updates. (Note: Trade update is little delayed here.)
AMSC - Long - breakout continuationHi guys just thought i would share this one, i am away for the holidays so i wont be sharing much for a while. Throughout 2017 i will be focusing a lot on energy and micro power and amsc is a nice microcap stock mainly specializing in the wind turbine industry that i think can do quite well with earnings and revenue on the up. I bought a number of shares on the breakout which i will be hoping to hold for some time and I've recently triggered more long positions as we've bounced off resistance turned support and the 50 -100 dma's expecting a strong rally as we break the 200dma and i will be looking to book some profits around $10.50